Paras Defence Sees Surge in Trading Volume and Reaches All-Time High

Paras Defence and Space Technologies Ltd, a prominent player in the Aerospace & Defense sector, has emerged as one of the most active equities today, with a total traded volume of 2,287,580 shares and a total traded value of approximately Rs 42.85 crores. The stock opened at Rs 1,845.0, reflecting a gain of 2.53% from the previous close of Rs 1,799.5. Throughout the trading session, it reached a new 52-week and all-time high of Rs 1,945.0, marking an increase of 8.09% from the opening price.
The stock has shown strong performance over the past five days, gaining 35.48% and outperforming its sector by 2.17%. Notably, the delivery volume on May 16 surged to 1.67 million shares, a significant 95.29% increase compared to the five-day average. Paras Defence is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

With a market capitalization of Rs 7,477.30 crores, Paras Defence continues to demonstrate strong liquidity, suitable for trades up to Rs 5.68 crores. Overall, the stock's performance today reflects a solid position within the market, characterized by increased investor participation and significant trading activity.